Viacom

Viacom Takes a “Day On” in Recognition of Martin Luther King Jr. Day of Service

The Martin Luther King Jr. Day of Service, often referred to as “a day on, not a day off,” is a call for Americans from all backgrounds to unite in the spirit of Dr. King.

In the spirit of embracing the variety of backgrounds and ways of thinking that make Viacom strong, Viacommunity – the company’s social responsibility umbrella – hosted three MLK Day of Service volunteer projects in partnership with the “I Have a Dream” Foundation. The events, focused on motivating and empowering students to reach their educational and career potential, took place during the week leading up to MLK Day.

Viacom employees and “I Have a Dream” Foundation Dreamers talk educational and career goals at an MLK Day of Service event at Viacom’s Times Square headquarters.

At Viacom’s Times Square headquarters, Viacommunity and the foundation’s New York chapter hosted their annual workshop for dozens of “Dreamers,” college students who had gained access to higher education with the organization’s assistance.

A panel discussion followed, featuring inspirational advice from two Viacom employees: Essence Dashtaray, manager of Human Resources and Jason Williams, vice president of Global Inclusion Strategy. A speed mentoring event then combined employee volunteers with rotating groups of students to discuss their career paths and the Dreamers’ educational goals. In a testament to Viacom’s ongoing support of the foundation and genuine connection to its students, some of the Dreamers, now soon-to-be college grads, were reconnecting with Viacom employees that they had known since their freshman year.

The Viacommunity team moderates a panel between Viacom’s Essence Dashtaray, seated right, and Jason Williams and “I Have a Dream” Foundation Dreamers at Viacom’s Times Square headquarters.

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Viacom Announces First Quarter 2018 Results, Accelerates Transformation Efforts

by Stuart Winchester, Viacom

Viacom released its financial results for the first quarter of fiscal 2018 this morning, underscoring the significant progress being made to transform its business amid rapid industry change.

Aggressive moves to expand next-generation platforms and solutions, initiatives to grow beyond TV and film, the launch of a premium content network, strengthened relationships with distribution partners, and the demonstrable success of its Flagship Six strategy all position Viacom for potential growth in the second half of 2018.

“In the quarter, Viacom aggressively drove progress on our strategic plan, delivering improvements in our business and positioning the company for the future,” said Viacom President and CEO Bob Bakish. “Viacom’s most-watched portfolio of domestic cable brands grew viewership share in the quarter, led by our powerful flagship networks, which now includes Paramount Network – the biggest and most ambitious network rebrand in our history. Internationally, we continue to deliver double-digit top-line and bottom-line Media Networks gains while launching innovative new partnerships in growth territories around the world.

“Viacom has also made considerable progress in its push to accelerate consumption and monetization on next-generation platforms, achieving substantial growth in worldwide digital advertising revenues, expanding distribution on fast-growing virtual MVPD and mobile services, and ramping up resources and talent at Viacom Digital Studios. Additionally, since the end of the quarter, we continued to expand our digital capabilities with the acquisition of influence marketer WHOSAY and the world’s premier online video event, VidCon. In addition, our strategy to further diversify our core properties off-screen through live events, hospitality and consumer products continues to progress, with the much anticipated Broadway premiere of the SpongeBob SquarePants musical in the quarter, along with new initiatives across our portfolio.

“We remain deeply committed to maintaining strong financial discipline and delivering returns for our shareholders. In the quarter, Viacom continued to improve its leverage profile and we are on track to achieve $100 million in new cost savings in the current fiscal year, and hundreds of millions more in 2019.”

Here’s a closer look at what Viacom is doing to advance its strategic plan and transform the company in the year ahead:

Flagship Six networks anchor Viacom’s spot atop the basic cable universe

Led by its Flagship Six of MTVBETComedy CentralNickelodeonNick Jr. and Paramount Network (which launched after the quarter ended, replacing Spike in the U.S.), Viacom continued to stand at the top of the basic cable universe, holding the largest share of viewers in all key demos:

And the portfolio continued to grow: MTV primetime ratings (+14 percent) and share (+25 percent) both surged, BET recorded a second consecutive quarter of double-digit year-over-year ratings growth (+16 percent), Nick hit its 10th consecutive quarter as the top network among kids, and Comedy Central documented its third straight quarter of increased year-over-year audience share.

Viacom’s other core brands – VH1, TV Land and CMT – recorded year-over-year quarterly ratings and share growth. For VH1, this marked its 10th consecutive quarter of ratings growth, making it the only entertainment net across both cable and broadcast that can make this claim.

Complementing these growing ratings are strengthened affiliate relationships with Suddenlink and Charter, which should help further boost viewership and the advertising revenue that goes along with it.

Paramount Network launches Viacom Media Networks into the premium content space

Paramount Network rumbled to life last month, propelling Viacom Media Networks into the premium content realm and capitalizing on the deep storytelling tradition of Viacom’s iconic Paramount brand. Strong ratings immediately followed, first for Lip Sync Battle: Live Michael Jackson Celebration and then for the premiere of Waco starring Taylor Kitsch. Several more high-profile shows land over the coming months, including a Heathers reboot, American Woman with Alicia Silverstone, and Yellowstone starring Kevin Costner.

Viacom had already been invested in the creation of premium television content, however, under the umbrella of Paramount Television, a production studio seated under Paramount Pictures that tripled revenues in 2017. The studio’s robust content pipeline includes Hulu’s Catch-22, EPIX’s The Contender, TNT’s The Alienist (cable’s number one new drama series), Amazon’s Jack Ryan, and new seasons of USA Network’s Shooter, EPIX’s Berlin Station, and Netflix’s 13 Reasons Why.

The turnaround of Paramount Pictures continues

Paramount Pictures Chairman and CEO Jim Gianopulos has assembled a new leadership team dedicated to igniting growth. The July release of the next Mission: Impossible film will act as the springboard for a 2019 slate that will include eight films co-branded with Viacom’s media networks. Major production deals with Hasbro, Skydance, and The Fast and the Furious producer Neal Moritz should further bolster a lineup that already includes Bumblebee, Gemini Man, and sequels to Top Gun and World War Z.

Viacom’s push into next-generation platforms accelerates

Yesterday, Viacom announced the acquisition of VidCon, turbocharging a next-generation digital platform strategy that also includes Viacom Digital Studios and recently acquired influence marketer WHOSAY.

This digital pivot has already yielded results, with global video consumption on Viacom’s sites, mobile apps and connected devices surging 38 percent year-over-year during the quarter. As Viacom Digital Studios ramps up to scale and begins distributing unique content across the company’s massive social footprint, Viacom anticipates a doubling of video views and significantly increased watch time on YouTube and Facebook this year.

Viacom will continue to move toward the center of consumers’ digital lives, both internationally – where the company secured a major mobile distribution deal with Telefónica in Latin America– and domestically, where a significant direct-to-consumer experience could be announced later this year.

Viacom’s live events business is growing rapidly

VidCon, which draws more than 30,000 attendees to its flagship Anaheim event and is in the beginning stages of international expansion, adds a powerful arrow to Viacom’s live-events quiver. Every flagship brand will host at least one major live event in the U.S. this year, including Comedy Central’s ClusterFest, which drew 40,000 fans in its inaugural run last year; SpongeBob the Musical, which opened to soaring reviews on Broadway; and The BET Experience, which will continue to attract tens of thousands of fans around the BET Awards in June.

International ad, affiliate and general revenue surge

Viacom International Media Networks continues to crank out steady growth: a 13 percent overall revenue jump, a 17 surge in advertising revenue, and 13 percent growth in affiliate revenues.*

Strong growth in Europe and the integration of Argentinian broadcaster Telefe contributed to these impressive numbers. The launch of Paramount+ in the Nordics, the debut of a free-to-air Spike network in Italy, and a restructuring of our jointly owned Viacom18 property in India should all contribute to further gains.

*All international revenue numbers are adjusted for a five percent favorable impact from foreign exchange

To see what Viacom will debut in the months ahead, scroll through the timeline below, or click here to view the full-screen version.

Viacom Acquires VidCon, Boosting Live Event and Digital Businesses

by Stuart Winchester, Viacom

In a move that will accelerate its participation and investment in next-generation platforms and expand its focus on live events, Viacom has acquired VidCon, host of the world’s largest multi-day conference for the global online community.

VidCon – which will remain a stand-alone entity and retain its senior leadership team – will be able to considerably expand its global reach with the start-up spirit that has allowed it to flourish.

“VidCon has become the foremost gathering place for the passionate online video community, and the access to talent, experts and education that VidCon provides for attendees is unparalleled,” said Jason Jordan, Viacom executive vice president of Multiplatform Strategy and Operations. “We’re excited to partner with the team to help achieve their vision and expand VidCon’s reach around the world while maintaining the grassroots energy and authenticity that makes the experience so unique and special to so many.”

Moving Viacom to the center of the online video landscape

The announcement follows Viacom’s November launch of Viacom Digital Studios under President Kelly Day and last month’s acquisition of influence marketing firm WHOSAY, underscoring the company’s push onto the next-generation digital platforms at the center of our fans’ lives.

Even as VidCon expands the reach of its eponymous events, the company’s capabilities will both complement and bolster Viacom’s ongoing digital efforts.

“We’re huge fans of the VidCon team, and we share the same enthusiasm for the power of connecting talented creators with their incredible fan communities,” said Day. “This team has built an unprecedented live experience that brings together the global online video community in celebration of the people and platforms shaping the future of content, and we’re excited to join forces as we look to expand our slate of original digital programming and partnerships.”

Boosting Viacom’s growing live event portfolio

Last year, Viacom launched Comedy Central’s inaugural ClusterFest, which attracted 40,000 fans and rave reviews. The BET Experience brought in 165,000 fans. Paramount Network’s Bellator MMA visited New York’s Madison Square Garden for the first time.

This was all part of Viacom CEO Bob Bakish’s long-term strategy to considerably increase the number, reach and impact of live events in the company’s portfolio. VidCon fits perfectly within those plans.

With more than 30,000 attendees and 80-plus sponsors (including, for many years, Viacom), at its flagship Anaheim event, VidCon has become the largest multi-day conference of its kind and cemented itself as the premier event for the worldwide online video community. And while VidCon has already carried this momentum into events in Amsterdam and Melbourne, Viacom’s global network of platforms and properties give it the resources to supercharge that reach both internationally and within the United States.

“I couldn’t imagine a better partner to help VidCon continue its mission of democratizing the creative economy around the world,” said Jim Louderback, CEO of VidCon. “Viacom’s expansive reach across all of our key constituents will give us the opportunity to expand our global footprint more rapidly. We’re also looking forward to their expertise in pioneering and executing live fan-first events – from the Video Music Awards and BET Experience to Comedy Central’s ClusterFest – as we continue to make VidCon a life-changing experience for those that create and love online video.”

VidCon will remain a standalone subsidiary and voice for democratizing the creative economy

From its offices in Missoula, Montana, Louderback and co-founder Hank Green lead a 20-person team that has established an important meeting place, safe space, and community-driven destination for online video creators and their fans. They have long partnered closely with United Talent Agency, who has pushed global sponsorship sales to maximize the organization’s visibility and impact.

None of this will change (though Louderback will report to Viacom’s Day and Jordan) – Viacom will simply provide more resources and a bigger microphone to allow VidCon to continue nurturing the online video community and ecosystem.

“I’m so happy that we found such a strong, successful, and progressive company to give our team the stability and resources needed to make bold moves at home and grow what we’re doing internationally,” said Green. “Viacom has decades of expertise creating incredible live events for fans, and we are building something truly unique by blending that with our team’s deep care and passion for the community and culture of online video. I’m so excited to be part of this team and to continue our work connecting people, providing amazing experiences and helping creators create.”

The Best of 2017: Looking Back on a Year of Leadership, Innovation, Social Responsibility and Arresting Architecture

Viacom is off to a sensational start for 2018: we soared across our brands (especially CMT and Comedy Central).

But as we move into the new year, it’s worth looking back at the most popular blog posts of 2017, each of which highlighted a different part of Viacom’s business. Many touch upon themes that Viacom CEO Bob Bakish, includes in his vision for success: leading the industry in diverse, innovative storytelling; focusing on our “Flagship Six” core brands; creating a socially responsible company culture housed in a visually progressive workspace.

Check out the top 10 blog posts below, which highlight some of Viacom’s best content, the talent that brought it to life, and the remarkable spaces they created it in.

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Kate Remsen Inspires a Greener Viacom With “Eco-Lodeon”

Orange is the new green at Nickelodeon—at least, according to Kate Remsen, Burbank-based project coordinator, avid environmentalist and founder of Viacom’s West Coast “Eco-Lodeon” initiatives.

Remsen came to Viacom in 2013 as a Comedy Central intern while studying film and television at Loyola Marymount University. After graduation, she began working as executive assistant to David Steinberg, the senior vice president of animation production at Nickelodeon. “I always wanted to work in entertainment,” said Remsen.

Viacom fulfilled her career goals. Unexpectedly, it became a venue to actualize her passion for environmental sustainability—something she might not have been able to do at other media companies.

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Viacom Takes Six NAACP Image Awards Across Four Properties

by Stuart Winchester, Viacom

With programming that ranged from definitive biopics to animation to riotous unscripted and scripted programming, Viacom scooped up six NAACP Image Awards at this year’s ceremony honoring outstanding performances by people of color.

BET earned a pair of honors for its standout biopic The New Edition Story, while Comedy Central’s animated Legend of Chamberlain Heights took home one statuette. Viacom’s newest network – Paramount Network – brought in two more wins with its beloved Lip Sync Battle, while the Paramount Television-produced 13 Reasons Why added one more.

Take a look at the diverse Viacom properties that impressed this year’s selection committee.

BETThe New Edition Story

  • Outstanding Television Movie, Limited-Series or Dramatic Special
  • Outstanding Writing in a Television Movie or Special – Abdul Williams, Night 2

When The New Edition Story landed last January, it hit as BET’s most-watched premiere in five years, racking up more than 4 million viewers per episode and dominating the social media conversation. Critics loved it.

COMEDY CENTRALLegends of Chamberlain Heights

  • Outstanding Character Voice-Over Performance – Tiffany Haddish

Comedy Central’s ribald animated portrait of three benchwarming hoops wannabees returned for a second season in June. Turns out the trio can’t hit the starting lineup in the awards circuit either: Tiffany Haddish, who plays Cindy on the series, out-hustled the guys to win this honor for the year’s best voice-over. Haddish also earned the Outstanding Supporting Acrtress in a Motion Picture honor for her role as Dina in Universal Picture’s Girls Trip.

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Viacom’s Season of Giving Kicks off Its All Good, All Year Initiative

Packing 10,151 meals may sound like a hefty feat, but Viacom volunteers took the challenge head on and held two Rise Against Hunger meal-packing events during Viacommunity’s 2017 “Season of Giving.”

Enormous as this effort was, these two events represented just a portion of the many volunteer opportunities offered during Viacom’s annual Season of Giving, which engages employees nationwide with holiday-themed volunteer opportunities throughout November and December.

Viacom employees prepping some of the thousands of meals they assembled in conjunction with Rise Against Hunger during Viacommunity’s 2017 Season of Giving.

Winter Wishes fulfilled

The corporate social responsibility team kicked off its most recent holiday-themed efforts by distributing nearly 300 New York Cares Winter Wishes letters to employees at Viacom’s Times Square headquarters and 345 Hudson office. Each hand-written letter outlined a list of recent achievements and desired holiday gifts from an underrepresented New York City elementary school student. Viacom employees selected one or more letters, then purchased and wrapped the gifts, which New York Cares distributed to the children.

Winter Wishes gifts wrapped and ready for distribution by New York Cares.

Stuffing more than turkeys Thanksgiving week

During the week leading up to Thanksgiving, a group of nearly 15 Viacom volunteers delivered nutritious holiday meals to homebound elderly in Midtown Manhattan through Citymeals on Wheels. Similarly, more than 100 volunteers united to package about 20,000 meals for the world’s most vulnerable communities with Rise Against Hunger at Viacom’s Times Square and Hollywood offices.

Viacom volunteers delivered meals to Manhattan residents in need via Citymeals on Wheels during Thanksgiving week 2017.

On the day before the holiday, as part of Viacom’s annual Kids Day – where employees bring their children to work for a day of fun and activities – the young ones gave back to their local communities, just like their parents. With help from Viacommunity and Employee Events, our young visitors helped stuff more than 200 cuddly giraffes, bears and elephants, which were then donated to children affected by Hurricanes Maria, Irma, and Harvey via The GOOD+ Foundation, SAFE (Stuffed Animals for Emergencies), and Spirit Airlines.

Critters ready to be stuffed for those in need by the child guests of Viacom employees at the company’s annual Kids’ Day.

In celebration of the social media-powered global #GivingTuesday that follows Thanksgiving weekend, employees across the U.S. contributed to Viacom’s foundation partners: VH1 Save The Music, Get Schooled and MTV Staying Alive. At Viacom’s New York, Hollywood, Paramount Pictures, and Miami offices, youth carolers from local VH1 Save the Music partner schools amplified this holiday cheer with festive songs.

Children liven up Viacom’s Times Square headquarters with holiday carols during Viacommunity’s 2017 Season of Giving.

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Viacom Earns 6 GLAAD Nominations For Out and Proud Storytelling On CMT, Nickelodeon, Comedy Central, VH1 and Logo

Inclusive and diverse storytelling are deeply rooted in Viacom’s social ethos, and its shows and movies are frequent contenders at the GLAAD Media Awards, which honor accurate and inclusive representations of LGBT people and issues. This year is no exception—Viacom received six GLAAD nominations for programming on CMT, Nickelodeon, VH1, Comedy Central and logotv.com.

Read more about our 2017 nominations.

Outstanding Drama Series

Nashville – CMT

CMT earned its first GLAAD nomination ever, for Nashville’s story about LGBT characters working in a stereotypically “straight” industry.

Frank Tanki, general manager of CMT and TV Land, says the network’s GLAAD nomination is not only great recognition for Nashville, but also serves as a benchmark for the brand’s overall strategy. “It signals that our modern country strategy is taking root and being noticed in all the right ways,” Tanki explained.

“Creatively, Nashville continues to trail blaze. Last season, we welcomed CMT’s and Nashville’s first-ever transgender character and actress, and also added a new LGBT character as a series regular. On the integrated front, we partnered with Budweiser for a multi-episode arc in which openly-gay singer, Will Lexington, becomes the face of the brand and is spotlighted in a commercial built around the theme of love and acceptance. The integration was well-received by both the LGBT and ad communities, with industry powerhouse, Adweek, proclaiming the integration as ‘ground-breaking.’”

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Viacom to Welcome Proven Partner: Influence Marketing Company WHOSAY

by Stuart Winchester, Viacom

Viacom has signed a definitive agreement to acquire WHOSAY, an influence marketing company whose deep reach into next-generation advertising and marketing platforms and solutions will boost Viacom’s capabilities across advertising, marketing and digital content.

Partnering with some of the world’s most recognizable brands, WHOSAY does everything from crafting campaign strategy to casting influencer talent to producing premium content and live events to analyzing data and performance.

An important piece of Viacom’s strategic plan

Viacom’s acquisition of WHOSAY will be an important component of the business strategy laid out by CEO Bob Bakish, who has frequently discussed the necessity of further expanding onto emerging digital platforms and beefing up the company’s already considerable advanced-advertising capabilities.

“One objective is accelerating our participation in next-generation platforms and solutions,” Bakish said, outlining his principle 2018 objectives at the UBS Global Media and Communications Conference in December. “So those are things like the over-the-top business, where we see significant opportunity on the virtual MVPD [multichannel video programming distributor] side, also the direct-to-consumer side, and related to that, the advanced advertising side. And this is not something that we’re making up … we had about $350 million of business there across those sectors [in 2017], and we believe that’s a $1 billion business by 2020.”

A proven partner

This acquisition will unite two engaging storytellers, fusing Viacom’s global content engine, diverse audience and best-in-class advanced advertising tools with WHOSAY’s precision ability to seamlessly match brand objectives with talent and creative, and optimize the message through omnichannel distribution.

WHOSAY has already executed more than 50 campaigns for MTV, BET and other Viacom brands over the past two years, crafting activations that feature top influencers such as singer/songwriter LeToya Luckett for November’s BET Soul Train Awards, and rapper Lil Yachty and actor Keegan Allen for the MTV Movie & TV Awards in May.

https://www.instagram.com/p/BTnZWW6l0jj/?taken-by=keeoone&hl=en

“We’re excited about a deeper integration with WHOSAY and the strength of our combined capabilities,” said Viacom Head of Marketing & Partner Solutions Sean Moran. “This partnership will add to our linear, digital and mobile arsenal by bringing us further into the world of social media and shopper marketing. Together, we will offer brand partners unparalleled creative solutions that maximize the power of storytelling, influencer reach, omnichannel distribution and advanced advertising tools to create quality campaigns that drive results.”

Complementing Viacom’s strengths

Amplifying the power and reach of WHOSAY’s campaigns is the company’s expertise in matching brands and influencers via its proprietary Match platform. Once the pairing is solidified, WHOSAY is expert at distilling a brand’s goals, creating a campaign, and spreading that message to the ideal audience through social, digital, mobile, linear, experience, out-of-home and other channels.

These advanced whole-campaign capabilities and digital focus will act as a powerful complement to many of Viacom’s existing entities, including the Velocity full-service integrated marketing and creative team and the company’s newly created Digital Studios unit under Kelly Day.

The addition of WHOSAY to Viacom’s portfolio will also underscore Viacom’s position as a leader in advanced advertising, building upon the significant capabilities of its data-driven audience-targeting Vantage product and its status as a founding member of the OpenAP audience targeting and measurement platform.

In addition to their considerable digital and event capabilities, WHOSAY has built a bricks-and-mortar-focused WHOSAY Shopper team, which will open up potential new retail opportunities for Viacom brands.

Viacom Stands Out On 2017 Year-End Lists, Owns Half of Billboard’s 10 Best Award Show Performances

Viacom wrapped 2017 with a strong showing on the flurry of industry best-of compilations assembled by top media and entertainment press.

Critics lauded Viacom’s premium content: Vice included South Park’s Put It Down episode on its list of memorable TV moments, while BET’s The Rundown With Robin Thede – which stars the only African-American host in late-night television – made Deadline’s list of top 10 new TV shows of 2017. And The Advocate praised VH1’s RuPaul’s Drag Race for its positive representation of the LGBT community, commending it with several mentions on their list of the 15 most important LGBT TV moments of 2017.

Most striking, however, is that Viacom’s culturally resonant awards shows staked out half the slots on Billboard’s 10 Best Award Show Performances of 2017: Critics’ Picks. Keep in mind that there were roughly 45 music award shows across the industry in 2017.

These poignant musical moments stood out to Billboard critics: Kendrick Lamar’s raw, rapid-fire delivery of DNA and Humble at the VMAs; the moment when Logic, Alessia Cara and Khalid sang out for suicide prevention (also at the VMAs); New Edition’s epic reunion performance at the BET Awards (a swaggering fusion of OG members and the cast of BET’s biopic, The New Edition Story), Camila Cabello’s EMA performance of Havana; and Missy Elliot’s old-school rendering of her classic banger She’s a Bitch at the VH1 Hip-Hop Honors.

Let’s take another look at these phenomenal performances. Here are Billboard’s top Viacom picks:

Kendrick Lamar, “DNA.” / “HUMBLE.” (MTV VMAs)

​Logic feat. Alessia Cara and Khalid, “1-800-273-8255” (MTV VMAs)

New Edition Medley (BET Awards)

Camila Cabello, “Havana” (MTV Europe Music Awards)

👀HAVANA👀 #mtvEMA numero 3

A post shared by camila (@camila_cabello) on

Missy Elliott, “She’s a Bitch” (VH1 Hip-Hop Honors)

There were plenty more noteworthy Viacom performances Billboard’s shortlist. My favorite acts from Viacom’s 2017 shows included Lorde’s muted modern dance at the VMAs and musical trio Hayley Kiyoko, Alex Newell, and Wrabel‘s exhilarating True Colors cover at Logo’s Trailblazer Honors during Pride Month in June.

Watch the performance:

With the upcoming launch of the Paramount Network on Jan. 18, returning hits like CMT’s Nashville and Comedy Central’s Detroiters, VH1’s latest addition to fan-favorite franchise Love & Hip Hop: Miami and a ravishing slate of upcoming live events, Viacom promises to deliver another year of eminent content and groundbreaking experiences for our fans.